Logitech fired their CEO earlier in the year and just announced his successor would be Whirlpool executive Bracken Darrell.

The company's fortunes turned for the worst when Logitech saw a massive loss due to its failed Revue set-top box.

Former CEO Guerrino de Luca admitted the company was far too bullish on the technology when it launched the box, overinvesting at a time when it was still unclear whether the technology would be widely embraced. Logitech took a $90 million loss on their overstock of the device.